Intracardiac Imaging Market: Introduction
Imaging tools are used in interventional procedures. These can be invasive or non-invasive. Non-invasive imaging tools include ultrasound, computed tomography, and magnetic resonance imaging. Invasive imaging tools are intracardiac endoscopy, transoesophageal echocardiography, intracardiac echocardiography, and electro anatomic mapping systems. Intracardiac imaging is a modern approach for guiding cardiac interventional procedures in catheter ablation for arrhythmias, transseptal catheterization, and percutaneous placement of cardiac valves and closure devices.
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Intracardiac imaging tools are defined as catheter-based imaging systems, which provide cross-sectional and sector-based view of the heart. These tools offer depth imaging and improve procedural efficacy, thereby minimizing the repeat procedures and preventing complications. Intracardiac echocardiography is a widely used intracardiac imaging tool in interventional laboratory.
Key Drivers and Restraints of Global Intracardiac Imaging Market
Rise in prevalence of arrhythmia across the globe, affecting around half a million people, drives the global intracardiac imaging market. According to the CDC, 2.7 million to 6.1 million people in the U.S. are estimated to suffer from atrial fibrillation, and people in Europe are susceptible to suffer more from atrial fibrillation than American Africans. These statistics are projected to boost the growth of the global intracardiac imaging market. Intracardiac echocardiography is an innovative imaging technology, which offers promising applications in interventional procedures. Intracardiac echocardiography catheters used are of low frequencies, which enables real-time visualization of the intracardiac anatomical structure and preferably utilized in guiding interventional procedures.
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Faster adoption of ICE technique is attributed to advantages such as no exposure to radiation and less discomfort to patients during the procedure. Other advantages include availability of online information about catheter position and devices, and direct monitoring of acute procedure related complications. The superiority of intracardiac imaging is expected to propel the global intracardiac imaging market. Recently, Siemens Healthineers introduced 3D technology volumetric ICE catheter, which offers promising result in guiding structural heart disease procedures.
Hence, product innovation is another key factor propelling the global intracardiac imaging market. ICE offers high quality imaging structures, which allow an operator to work with patient anatomy smoothly. However, high cost of ICE technique acts as a restraint of the global intracardiac imaging market. Nevertheless, clinical applications of ICE technique are likely to expand in the next few years owing to technological advancements and importance of 3D image acquisition in valvular and congenital heart disease. This is projected to augment the global intracardiac imaging market.
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North America to Lead Global Intracardiac Imaging Market
In terms of region, the global intracardiac imaging market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
North America is projected to dominate the global intracardiac imaging market during the forecast period due to technological advancements, increase in adoption of cardiac surgeries, rise in cardiac patient burden, and acceptance of high resolution imaging modality. Moreover, intracardiac echocardiography is an advanced imaging modality, which has replaced traditional approach. This factor is anticipated to boost the growth of the market in North America.
Presence of key players offering intracardiac echocardiography systems and its wide applications in electrophysiology, atrial fibrillation, and other procedures are expected to fuel the growth of the intracardiac imaging market in the region during the forecast period. Players offering ICE catheters and systems, which simplify and improve visualization of ablation catheter position, are likely to augment the intracardiac imaging market in North America in the next few years.
Europe was the second largest market for intracardiac imaging in 2019, followed by Asia Pacific. This is attributed to rise in prevalence of arrhythmia and other cardiac diseases in the region. Intracardiac echocardiography offers potential advancements in cardiac imaging procedures with efficient clinical outcomes.
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Key Players Operating in Global Intracardiac Imaging Market
The global intracardiac imaging market is consolidated, owing to the presence of established players. Major players operating in the global intracardiac imaging market are:
- Boston Scientific Corporation
- Siemens AG
- Biosense Webster, Inc.
- Abbott Laboratories
- GE Healthcare
- Hitachi Medical Systems
- Other Prominent Players
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